Trading in usd/cad
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Thread: Trading in usd/cad

  1. #1
    Banned
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    Aug 2013
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    Trading in usd/cad

    This is very common strategy but very effective.

    Rules:

    open 1-hour chart of gbpusd .
    we will trade on daily basis.

    mark the high and low from the 2nd candle of today till the 10th candle of today in this pair.

    open buy order when the high of these candle +1 pips goes up.
    open sell order when the high of these candles -1 pips goes down.

    stop loss will be :
    1) if buy order triggers then the stop loss will be the low -5 pips.
    2) if sell order triggers then the stop loss will be the high +5pips.

    take profits will be of 1:1 risk reward. for e.g. if the stop loss is 20 pips then take profit will also be 20 pips.

    remember to add spreads in your buy sell pending orders and in your take profits and stop loss.

  2. #2
    Sir your strategy is very difficult to imply as we need to wait for 1 to tenth candle to form and then to calculate and place order and with this strategy almost half of the trading time will be lost so it is better to go with some other strategy because eleven hours will be lost in just waiting and we need to give a lot of time for this strategy.

  3. #3
    This currency pair is also very popular and easy to handle in the Forex treading. We must see the graph or chart for the last two or three hours and make the decision that how we treat this amount.
    After making the whole analysis we are able to decide that how we sell or buy the pair with according to the movement of market.

  4. #4
    U.S. Dollar (Currency code: USD)
    Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
    The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.

  5. #5
    Trader
    Join Date
    Sep 2013
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    1,248
    This currency dealing working dealing several is also very well-known and simple to deal with in the Forex treading. We must see the graph or graph for the last two or three initiatives and choose that how we cure this quantity.
    After creating the whole research we are able to choose that how we offer or buy the several with according to the activity of industry.

  6. #6
    its very easy to manage in the retreading of the currency. We have refer to the chart or diagram over the last two or three hours and make a decision that the form treat that amount.
    Then you make conjoint analysis that we are capable of deciding that the form of We are selling or purchased two in accordance with market factor movement.

  7. #7
    Trading in Usd based on profit gain and related with investment.i hope it is a reliable and more profitable source of item and strategy so that we can invest in a best way.
    so try for the best result.

  8. #8
    Banned
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    Sep 2013
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    This is a similar strategy i have read on this forum on many trading system, the same still applies to them. Is this really working? I former have the doubt that it will work because it looks like gambling to me, because of the opening point of +1 or -1, but the way it is more on this forum, may be it is a sure way to trade. Has nay one used it correctly?

  9. #9
    Canadian dollar is a coomodity currency and any trader that is interested in trading and Cad pairs needs to understand that the price of crude oil affects Canadian dollar as a currency and it will definitely affect any Cad pairs. I don't think we need to make our trading system complex before we make any meaningful profits.

  10. #10
    My dear Sir your strategy is very difficult to imply as we need to wait for 1 to tenth candle to form and then to calculate and place order and with this strategy almost half of the trading time will be lost so it is better to go with some other strategy because eleven hours will be lost in just waiting and we need to give a lot of time for this strategy.

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